171 Franklin Avenue, Essex, Nutley Township, NJ
Others for Sale - $1,950,000 - 12,500 Sq. Ft.
Agent Info
| Jason Dion CENTURY 21 The Crossing |
Property Info
| CIMLS# | 1184072 |
| Location 171 Franklin Avenue Essex, Nutley Township NJ 07110 | |
| Updated | November 21st, 2025 |
| Type | Others |
| Price | $1,950,000 |
| Building | 12,500 Sq. Ft. |
Property Description
Prime mixed-use income property featuring a warehouse, storefront, and three apartments in the heart of Nutley's vibrant Franklin Avenue corridor. Fully leased and income-producing with $122,760 gross annual income and $81,628 NOI, this asset delivers a 4.19% cap rate at the $1,950,000 asking price. The property includes a 4,600 SF warehouse with 1,000 SF office, a high-visibility retail storefront, and three well-maintained residential units above. A private driveway provides direct access to the warehouse for deliveries and operations. Excellent visibility and walkable downtown location make this a standout investment or owner-user opportunity. Strong tenant mix, steady income, and room for future rent growth make this an ideal long-term hold in a supply-constrained Essex County market.



